The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-10-29
MORE FAVORABLE.
The Weekly Trade Rcviow OF r. q. Dun

a RECOMMENDATION Developing.
INV IoRK, Oct. 2S.-R q. Dun &
CO., In their weekly review Of trade, say:
During the past week, aud during the
month, the volume OF business has dimin-
ished somewhat, m IL natural nj this sea
son. Hut the October trade, in some
branches and sections, falls behind that Of
the Ntne month last year, fact partly cN-
planned by the unusual volume 81 business
| In September. distribution Of goods pur-
chased does not quito meet expectations,
and collections are still slow OF hut inir III
many quarssN .-ibouRh the situation IL
that respect IL more f1I1nblo than IL ap'
peared 10 be q week or NE 49,. Demands
| Tor accommodation from tho west and
south are still frequent, and the drain Of
money from this point has not ceased,
though II has lcy,cncd In volume, partly
because many balances have been drawn
down Ia the minimum and some applica-
tons for accommodation have been re-
fused Exchanges still reflect fair nctiy-
NV IN trade, and milrOad statistics "a
movement of products largc for the -caaon.
"a conservative indspOsiiion Ia under
take new enterprises las appeared since
July, and has brought timely check In
rial estate operations. and some branches
II manufacturing. Consequently liquida-
ton Oi past operations IL now the feature Of
most interest, II that Irugrc@cs saiisinc-
torily the outlook for an excellent trade
In the iutup IL good. Thus far returns in
dictate fair progress In settlements In most
branches 81 trade aud nj most southern
and western points, but some exceptions
are noted. The collapse Of many iron
mining companies Of the grodctic range
throws hundreds out Of employment, aud
bringr disaster Ia u multitude Of small in
ycst0n In their stocks, and to many trades
men. AZ several localities where real cs-
tate speculation had become excessive u
year ago, iailup Ia make second payments
II now producing rariion, with severe
lus-cs iO many. Al over the southwest
thrrr arr many holders Oi real estate paper
Who arc seeking payments, not always with
success
Prom most points this weeks reports
indicate some Improvement in collections,
a fair activity In business and diminishing
strngcncy in money markets At Chicago
the mercantile demand for ncroinmoda-
iions IN undated, though collections have
improved and shipments of money Ia the
country have moderated. AZ Omaha money
IN easier and real estate payments have
thus far been satisfactory, but slow collcc-
tiOns and much pressure AIRS noted nj Kan
saA City, Wichita. Cleveland and some
other points. Distinct improvement mp.
pcnn nj Louisville, Memphis and Atlanta
large failures cause some surprise at Nil.
wnukcc.
"Thc iron trade still hcsiiatee, and the
market for other than the best grades IN
very irregular. More inquiry for nails IL
noted, but orders are not up Ia cxpccta-
tions, and there are reports 81 sales NJ s33.
The coal supply IN short. The wool mar
kct IN better IN tone, though sales arr not
yet largc. SOIno improvement IN demand
ior dress goods n noticed, but the manu-
inciurc II heavy goods is still embarrassed
by inadequate demand Prices VI cotton
goods arr firm aud the movement satis-
factory. Boot aud shoe buyers aro numcr-
Gus and prices firm.
"Brcaastuns have advanced little, and
pork products yielded. Cotton IL shade
stronger, but oil cents lower. In the
stock market gradual recovery has lifted
prices about u 80 per shnrc, aud the tone
Is improved 10y some pyiyaloi foreign pur-
chaaeH
"Thc business failures during the last
seven days number, for the United States,
100, and for Canada, -, or n total Of 2l6,
NJ compared with 2Ol last week, and 2l5
for the corresponding week last year"